About Finplex
Finplex is a Financial Services company based in India founded in 2019 by Raja Kishen Rao, Sanjay Singh, Davender Ahuja, and Tarun Joshi. Business loans are matched via an online marketplace platform. Finplex has raised $4.4 million across 4 funding rounds from investors including Vijaykumar Chhotabhai Patel, Bhikhu Chhotabhai Patel and Manish Jain. The company has 80 employees. Finplex was last valued at $22.46 million in November 2022. Its chief executive, as recorded, is Tarun Joshi. Its Indian entity Finplex Technologies Private Limited reported revenue of ₹12.44 Cr. Finplex offers products and services including Business Loans, Secured Loans, Unsecured Loans, and Loan Calculator. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its competitors include Bizongo, Lendingkart and Yubi; 3 of its 3 listed competitors have raised funding.
Company details
Finplex was established in 2019 in India as an online marketplace focused on business loans. Connections between small and medium enterprises and lenders are facilitated through the platform, enabling access to financing options. Operations are centered in the fintech sector, with services tailored for Indian businesses. Leadership is provided by co-founders including Tarun Joshi as CEO and Sanjay Singh as director.
- Headquarters India
- Employees 80
- Founders Raja Kishen Rao, Sanjay Singh, Davender Ahuja, Tarun Joshi
- Stage Minicorn
- SectorsFinancial Services
- Website finplex.in
- Social LinkedIn
- Legal Name Finplex Technologies Private Limited
- Date of Incorporation 27 May, 2019
- Jurisdiction Delhi, India
- Annual Revenue₹12.44 Cr
FY 2025 · +3% YoY
- Net Profit₹3.5 Lakh
FY 2025 · 0% margin
- EBITDA-₹1.78 Cr
FY 2025 · -14% margin
- Total Equity Funding$4.4M (USD)
in 4 rounds
- Latest Funding Round$2.05M (USD), Angel Round
Nov 2022
- Employee Count80
Associated legal entities of Finplex
Finplex operates through Finplex Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Finplex Technologies Private Limited CIN U67110DL2019PTC350548 | Active | 27 May 2019 | Delhi, Delhi | ₹12.4 Cr | 80 | 2 | View details |
Products & Services of Finplex
Finplex offers a comprehensive portfolio of products and services, including Business Loans, Secured Loans, Unsecured Loans, and Loan Calculator.
Provides funding for business growth and cash flow needs.
Offers loans backed by collateral for lower interest rates.
Delivers loans without collateral for flexible business financing.
Helps calculate EMI and interest for loan planning.
Funding Insights of Finplex
Finplex has successfully raised a total of $4.4M across 4 strategic funding rounds. The most recent funding activity was a Angel Round of $2.05 million completed in November 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $4.4M
- Total Rounds 4
- Last Round Angel Round — $2.05M
- First Round $1.15M
(Sep 2019)
- Investors Count 9
All 4 funding rounds of Finplex with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2022 | $2.05M | Angel Round | $22.46M | Vijaykumar Chhotabhai Patel, Bhikhu Chhotabhai Patel | – |
| Dec 2021 | $1M | Angel Round | $15.56M | Vijaykumar Chhotabhai Patel, Bhikhu Chhotabhai Patel | – |
| Apr 2021 | $194,571 | Angel Round | $••••• | Ashwin Gudidevuni | – |
| Sep 2019 | $1.15M | Angel Round | $••••• | Dinanath Modi, Paras Modi | – |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2022 | $22.46M | •••••••• |
| Dec 2021 | $15.56M | •••••••• |
| Apr 2021 | $••••• | •••••••• |
| Sep 2019 | $••••• | •••••••• |
Full valuation and stage history of Finplex
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $22.46M (Nov 2022). 9 investors in total: 0 institutional and 9 angel.
Investors in Finplex
Finplex has secured backing from 9 investors, including angel investors. Prominent investors backing the company include Vijaykumar Chhotabhai Patel, Bhikhu Chhotabhai Patel and Manish Jain.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC Vijaykumar Chhotabhai Patel | unknown_f2d2683b6a1c41eda | |||
BC Bhikhu Chhotabhai Patel | unknown_571df89462c54b14b | |||
MJ Manish Jain | unknown_2354cebfa3d24fac9 | |||
AG Ashwin Gudidevuni | unknown_800f916c377845848 | |||
DM Dinanath Modi | unknown_41ef11a50c26437c9 | |||
PM Paras Modi | unknown_4efe00edf9f14be8b | |||
RD Renu Devi Modi | unknown_f24eda614ee14fe5a | |||
KJ Kuldeepsinh Jagtap | unknown_514393addbf04d6ca | |||
SA Sharad Agrawal | unknown_b7bd85b48443417ca |
Investor details for Finplex
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Finplex Technologies Private Limited (Finplex)
Finplex Technologies Private Limited is the primary company behind Finplex. The board of Finplex Technologies Private Limited currently have 2 directors; the longest-serving is Tarun Joshi, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Tarun Joshi DIN 08027764 | Director | 27 May 2019 | 7 yrs 4 mo | Finplex Technologies Private Limited |
| Sanjay Kumar Singh DIN 03471603 | Director | 27 May 2019 | 7 yrs 4 mo | Finplex Technologies Private Limited |
People of Finplex
4 people are tracked at Finplex (4 in leadership); the tracked headcount is 80.
| Name | Role | Group |
|---|---|---|
Raja Kishen Rao | Co-Founder & Head of Sales | Leadership |
| Co-Founder & Director | Leadership | |
Davender Ahuja | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership |
Complete people profiles for Finplex
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Finplex
Figures of Finplex Technologies Private Limited, the primary company behind Finplex, for FY 2025. Revenue was ₹12.44 Cr (+3% year on year). Net profit was ₹3.5 Lakh (0% margin). EBITDA was -₹1.78 Cr (-14% margin). Revenue has grown at a compounded annual rate of +19% over three years and +101% over five years.
- ₹12.44 CrRevenue · FY 2025 · +3% YoY
- ₹3.5 LakhNet profit · 0% margin
- -₹1.78 CrEBITDA · -14% margin
- ₹15.2 LakhPaid-up capital
- 80Employees (provident fund records)
- +19%Revenue CAGR, 3 years
- +101%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Finplex Technologies Private Limited are on its company page.
Detailed financial statements for Finplex
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Finplex
4 dated milestones of Finplex across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Finplex is founded.
- Funding First funding round of $1.2M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $2.0M.
Competitors of Finplex
Finplex has 3 listed competitors in our database, 3 of them funded. They include Bizongo, Lendingkart and Yubi.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bizongo.com | 2015 | Mumbai, India | $257.08M | 94 | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | |
| lendingkart.com | 2014 | Ahmedabad, India | $260.24M | 790 | Provider of unsecured business loans and working capital financing to MSMEs | |
| go-yubi.com | 2020 | Chennai, India | $240.86M | 505 | Business loans are facilitated through an online debt marketplace. |
Detailed competitors of Finplex
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Finplex
The website of Finplex (finplex.in) receives about 1.2K visits a month.
- Monthly visits1.2K
▲ 2.3% vs previous month
Top companies in Alternative Lending
3 companies that operate in the same segment as Finplex (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Finplex
Finplex was founded in 2019.
Finplex is headquartered in India.
Tarun Joshi is the CEO of Finplex, as recorded in our data. They have also founded this company.
Finplex is a funded company, having raised a total of $4.4M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $1.15M, raised on Sep 2019.
Finplex has 80 employees.
The primary company behind Finplex, Finplex Technologies Private Limited, reported revenue of ₹12.44 Cr for FY 2025, up 3% year on year.
Finplex was established in 2019 in India as an online marketplace focused on business loans. Connections between small and medium enterprises and lenders are facilitated through the platform, enabling access to financing options. Operations are centered in the fintech sector, with services tailored for Indian businesses. Leadership is provided by co-founders including Tarun Joshi as CEO and Sanjay Singh as director.
Finplex's top competitors include Yubi, Bizongo and Lendingkart.
Finplex offers Business Loans, Secured Loans, Unsecured Loans, and Loan Calculator.
Finplex has 9 investors. Key investors include Vijaykumar Chhotabhai Patel, Bhikhu Chhotabhai Patel, Manish Jain, Ashwin Gudidevuni, and Dinanath Modi.
The valuation of Finplex is $22.46M as of Nov 2022.
Finplex operates through Finplex Technologies Private Limited.